WASHINGTON (AP) — The economy grew at a slightly faster pace over the summer as Americans spent a little more freely.
The government reports the economy expanded at a 2 percent annual rate in the July-September quarter. It marked an improvement from the feeble 1.7 percent growth in the April-June quarter. Still, the economy isn’t growing at a strong enough pace to make a noticeable dent in high unemployment.
Consumers boosted spending at a 2.6 percent pace. That marked the biggest quarterly increase since a 4.1 percent gain at the end of 2006 before the recession hit.
